How to minimise land tax

The Holistic Accountant

In this episode, Stuart and Mena unravel the intricacies of minimising land tax, a looming concern expected to rise in the foreseeable future. They demystify the concept of land tax, emphasizing its assessment based on property holdings as of December 31st. The hosts advise listeners to scrutinise notices carefully upon receipt, underlining the significance of proactive examination.
The discussion delves into the financial barriers of changing ownership due to stamp duty and Capital Gains Tax (CGT), prompting consideration of alternative strategies such as grouping and discretionary trusts. Stuart and Mena explore actionable tactics to reduce land tax burdens and the feasibility of justifying associated costs against anticipated investment returns. Moreover, they ponder the viability of investing interstate as a means to mitigate land tax exposure.
This episode serves as a strategic guide for property owners and investors, offering practical insights into navigating the complexities of land tax while optimising financial outcomes in a shifting regulatory landscape.

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IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.